Wall St slides as megacap growth stocks drag on rate jitters

The three main U.S. stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations ofThe yield on the 10-year Treasury note hit a ten-month high of 4.328% in the previous session and came within a whisker of its highest level since 2007.

"The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment," said Art Hogan, chief market strategist at B Riley Wealth.Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group's FedWatch tool.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Wall Street rises in early trading, though bond yields remain highStocks are opening slightly higher on Wall Street following some encouraging profit reports from big companies.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

Applied Materials earnings, outlook top Wall Street expectations, and stock risesApplied Materials' stock rose after hours Thursday as both earnings and outlook for the maker of semiconductor-manufacturing equipment topped Wall Street...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Wall Street's official stock market outlook — The latest CNBC Market Strategist SurveyWhere do the sharpest minds on Wall Street believe the market is headed? The CNBC PRO exclusive Market Strategist Survey is a roundup of year-end targets for the S&P 500.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »